Super Group (SGHC) (SGHC) Research & Development (2021 - 2026)
Super Group (SGHC)'s (SGHC) quarterly Research & Development came in at -$422.0 million in Q1 2026, down 14.99% year-on-year from -$496.4 million in Q1 2025, and down 13.75% on a QoQ basis from -$371.0 million in Q3 2025.
Super Group (SGHC) (SGHC) Research & Development (2021 - 2026) Analysis & Trends
Super Group (SGHC) (SGHC) has 6 years of Research & Development data on file, last reported at -$422.0 million in Q1 2026.
- On a quarterly basis, Research & Development fell 14.99% year-over-year to -$422.0 million in Q1 2026; TTM through Mar 2026 was -$1.9 billion, a 13.87% decrease from a year earlier, with the FY2021 full-year figure at -$1.1 billion, down 51.66% from the prior year.
- Research & Development for Q1 2026 stood at -$422.0 million, down from -$371.0 million in the prior quarter.
- Over the last five years, Research & Development for SGHC reached as high as -$228.8 million in Q3 2022 and fell as low as -$777.0 million in Q2 2025.
- Historically, Research & Development has averaged -$377.2 million across 5 years, with a median of -$330.0 million in 2024.
- Across the five-year window, Research & Development jumped 70.28% in 2022 and plunged 115.9% in 2024, its largest moves.
- Year by year, Research & Development stood at -$228.8 million in 2022, then dropped by 28.86% to -$294.8 million in 2023, then slipped by 19.39% to -$352.0 million in 2024, then decreased by 5.4% to -$371.0 million in 2025, then declined by 13.75% to -$422.0 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were -$422.0 million in Q1 2026, -$371.0 million in Q3 2025, and -$777.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 966.00 Mn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 123.18 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | -422.00 Mn |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | - |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | - |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 14.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | - |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | - |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | -17.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -422.00 Mn |
| Sep 30, 2025 | -371.00 Mn |
| Jun 30, 2025 | -777.00 Mn |
| Mar 31, 2025 | -367.00 Mn |
| Sep 30, 2024 | -352.00 Mn |
| Jun 30, 2024 | -652.00 Mn |
| Mar 31, 2024 | -330.00 Mn |
| Sep 30, 2023 | -294.83 Mn |
| Jun 30, 2023 | -301.99 Mn |
| Mar 31, 2023 | -295.93 Mn |
| Sep 30, 2022 | -228.80 Mn |
| Jun 30, 2022 | -240.83 Mn |
| Mar 31, 2022 | -270.17 Mn |
| Sep 30, 2021 | -769.91 Mn |
| Jun 30, 2021 | -540.30 Mn |
| Mar 31, 2021 | -258.68 Mn |